When in the market for an estate plan, it can be tempting to seek out online legal services like LegalZoom that promise fast and low-cost solutions for estate planning and other legal needs. But as experienced estate planning attorneys, we’ve seen first-hand the problems that arise when individuals rely on one-size-fits-all templates instead of seeking professional legal guidance.
Here are some things we’ve seen that might make you think twice before using an online tool for something as critical as your estate plan documents:
- No Personalization
Your estate planning documents should be specific to your needs and accomplish your goals. Our first step in any estate plan matter is to meet with our clients so we can understand family dynamics, financial situations, and any specific wishes. Online tools that provide standardized templates may not adequately address unique needs, such as blended families, special needs beneficiaries, or tax considerations.
- Details Missing
Many people assume that because they filled out a form on LegalZoom, their estate planning documents are legally sound. Unfortunately, we’ve seen several instances where unclear language, improper execution, incorrect names, and even missing signatures led to disputes, delays, and voided documents. Additionally, online templates often don’t account for state-specific requirements. A slight omission or mistake in wording can make a huge difference in how your assets are distributed.
- Lack of Accountability
Tools like LegalZoom explicitly state they do not provide legal advice (unless you pay an extra fee), so if you have specific questions or uncertainties while drafting your will, there’s no attorney guiding you through the process. On top of this, we’ve had clients tell us LegalZoom has cut them off on resolving outstanding issues because the client was outside of the warranty period to address issues. Without legal counsel, you may make uninformed decisions that negatively impact your estate and loved ones.
- Inadequate Planning for Complex Estates
If you have significant assets, own a business, or have complicated beneficiary arrangements, a simple online estate plan is not enough. Proper estate planning involves tax strategies and asset protection mechanisms that go beyond what a template can offer.
- Risk of Future Legal Challenges
A poorly drafted estate plan can increase the likelihood of disputes among heirs. LegalZoom and other similar websites do not provide representation in probate court, meaning your family may have to spend significant time and money resolving issues that could have been avoided with an experienced estate planning attorney.
While LegalZoom and similar tools may seem like cost-effective options, the potential longer-term risks (and ultimately potential long-term costs) far outweigh the initial savings. A properly drafted estate plan is an investment in your family’s future, ensuring your wishes are honored and any potential legal complications are minimized. Our experienced estate planning attorneys provide personalized solutions and peace of mind that your estate is in good hands. Give us a call at 765.423.7900 or send us an email at info@gutweinlaw.com to get started.
